Are you part of a financial services company? Are you part of a company that wants to improve your financial processes? Can you benefit from streamlined interaction with your clients, customers, or suppliers? Do you want to modernize your financial software and services? If so, Codein should be your financial software development company.
Financial Software Development
Financial Software Development Services
What are your biggest business challenges? Can custom financial software solutions help address those concerns? Do you need to streamline internal financial processes? Do you want to provide clients with self-service tools? Are you looking to establish banking-related services? Do you have regulatory compliance concerns? There are many ways our consulting services can be used to harness financial software development solutions to improve your business.
Core corporate finance includes accounting, accounts payable, accounts receivable, financial planning, and financial reporting functionality. Does your current back office software meet all your needs? Can clients and customers quickly pay what they owe? Can they use self-service functionality to see the status of their bills? Can suppliers easily check the status of their accounts? Is your financial data a harvestable asset or a black hole?
There are many ways to extend your core financial systems, streamline your processes, and improve your relationship with clients, customers, and suppliers. Our financial software developers can create financial solutions that make sense for you.
Client Personal Finance
Do you provide financial services to clients? Would client satisfaction and retention improve if they used your Fintech services to manage their finances?
Are you considering a digital transformation? Can your banking clients efficiently use self-service functionality? Can they use your mobile banking solutions to access their accounts from their phone? Can they quickly pay bills from home or a motel room during a business trip? Can they transfer funds within the bank or enroll in new digital banking services you offer?
Fintech Software Features
Fintech software development services apply modern technology capabilities to improve financial processes. A key feature of Fintech is to move the financial sector from on-premise transactions to internet-based transactions. Fintech focuses on how banking and financial services can be improved using process automation and self-service access. These improvements result in both higher process efficiency and greater client/customer/supplier satisfaction.
Gone are the days when financial service organizations internally built large monolithic systems using proprietary technology. Instead, modern Fintech development consolidates existing services into smaller point solutions. Why would you create your own payment processing services when you can integrate external payment gateways to accept self-service payments?
Fintech approaches shift the focus of the development team. Instead of building foundation services, your Fintech software developers can focus on the business process and the user experience. Compared with traditional development approaches, Fintech means that you will:
- see applications produced faster,
- enjoy more reliable foundation services maintained by others,
- be able to focus on improving business processes, and
- be able to focus on the user experience.
Exposing your systems to the internet opens many business opportunities. It also introduces risks. A good Fintech solution needs to focus on both the solution and cybersecurity. Clients, customers, and suppliers need to trust that your financial applications are safe and secure.
Technologies We Use in Fintech Software Development
For Fintech software solutions, we use a broad range of technologies. Database services provide the persistent storage needed for your Fintech platform data. Middle-tier web services integrate external services into your applications. Frontend development renders those services into web-based applications. Smartphone applications can then be built on top of application and integration web services to provide access from computers, tablets, or smartphones.
Our extensive experience with open source and commercial database systems allows us to select the best database management system (DBMS) for your project. Our backend developers will configure the database for optimal performance and develop the needed storage objects using that DBMS.
We have worked with a wide variety of web server development tools. We will select the best tools to develop the web services needed for your application. Many of the critical components required by business processes are delivered as web services on this tier. For example, digital payments and Fintech app integration are enabled at this tier.
The user experience is key to the success of most Fintech projects. We have used numerous frontend development tools. Based on our experience, we will pick the best tools for this tier.
Fintech solutions provide an any-device-any-time experience people expect by including mobile applications. We have extensive experience in creating both Android and iOS based applications that provide a great user experience. Whether you are looking for mobile banking development or different types of Fintech software, our Fintech development teams can build the multi-platform solutions your customers or clients have come to expect.
Why choose Codein for a Banking & Financial Software Development?
Custom Fintech software solutions work because they use modern technologies to address business issues. When Codein takes on a Fintech project, our custom software development services are delivered by a complete team. Our business analysts will work with you to ensure that we understand your business and ensure you know the potential of new technologies. Our project management team will scope and oversee your project to ensure that it meets your needs on time and within budget. Our technology team's passion will ensure core elements are created with the right technology in the right way. Our strong background in cybersecurity will ensure that the resulting solution is both safe to use and secure. Our in-depth knowledge of the Payment Card Industry Data Security Standard (PCI DSS) compliance ensures that payment data is secured appropriately and you can rest assured that you are providing a safe and secure solution to your clients or customers. As a Fintech software development company, enabling your success provides our success.
The company management wants to be able to change the valuation model, have an opportunity for its variable technology assessment, and have an opportunity to involve external loan scoring system for prompt adjustment of products according to the market realities and new target audiences. The decision to create the module was made during the project implementation, time for implementation was limited.
The system was integrated with the payment gateways of several banks, service providers, internal credit management system, also there are plans for the b2b feature segment development. By August, 2017 the system was unstable, the situation demands regular developers intervention to correct numerical errors and investigate incidents. Up to 30% of the time of our team was spent on support tasks and operational bug fixes. Thus the client is dissatisfied with the quality of services, which were provided by the current team for developing and maintaining the system. There are also concerns about the overall quality of the created architecture and code.
Managing Remote Software Development Projects
If you do choose to outsource your software development projects, take some time to consider how you will best manage these projects. The range of services that can be outsourced effectively can vary from one-off custom software development projects to full-scale software maintenance.
Identifying a competent remote dev team
The reasons why companies choose to outsource their software development vary.
Typically founders, directors or project owners point to following the benefits of outsourcing software development: cost-efficient allocation of resources, the ability to work with specialists bringing in a specific skillset and relevant experience to the table, or simply getting an honest third-party opinion and recommendations on their existing dev ops.
As far back as Jack Trout in his book "Marketing Warfare" disclosed in detail the opinion that the entrepreneur shouldn’t have to build a completely vertical company structure for successful business. There will always be something that you do better than others, and this is what becomes your competitive advantage.
Does a startup need to outsource software development?
Every single startup goes through the same stages of development. And sooner or later, one of the main questions arises: Is it time for some tech help?
While, in most cases, the budget for the startup establishment is quite limited, it is still not the main criterion to consider, trying to answer the question. The most important metric is whether technology is a part of the core value proposition of the product, or is it a vehicle to solve a growing business need.
The system is developed and implemented. What's next?
When you are hiring a team for some Web application or software development, the first thing that interests you is the development time and the total project cost. Besides, you should think about how your IT system will work at the beginning of the project, also take into account development technologies, architecture, etc.
Do we really spend our time for nothing or it's a part of something bigger (next big thing)?
Recently, a very interesting article has come across my desk by Ukrainian scientist who studies abroad computing clusters and other interesting things in reference to the pure science.
Accessibility of banking services have been admitted for all people as one of the priority tasks together with education, access to information and clean water. The telecommunication infrastructure is very unequally developed in the world, so banking has its own characteristic features in different countries. For example, the African M-Pesa became the first case, when a completely non-banking organization started providing banking services. And all because of non-traditional service access.
Codein Software Recognized as a Top Ukrainian B2B Company by Clutch.
Did you know that the average person spends 171 minutes per day on their phones? Taking advantage of mobile traffic can be critical to growing your business. Our team of professionals have been working since 2011 to develop complex mobile and web development projects for our customers. In light of this, we’re proud to announce that Clutch has named us a top mobile app developer in Ukraine in its latest press release!
Security, usability and budget economy - choose any two characteristics for your project.
Need Help Fixing a Hacked Wordpress Site!!! This howl of despair I came across on freelance website publication today.
We, as a team, that earns daily bread by developing different soft, including web projects, when the time has come, also came to the question “What should we choose to built our website?”.
Product or Solution?
You have got an idea how to improve quality of work of your company
or an idea of online breakthrough service, etc.
First of all, you are going to find a developer who will help you to
implement this idea. You will found websites of
some developers and every website will have different sections, like
services, products, expertise, solutions... How
to understand what exactly you need, product or solution? Which
company is better to choose that offers services,
products or solutions?
Calmly, take a nice deep breath and slowly breath out - now everything is going to be at its own place.
.NET CORE. One more reason to use .NET
Previously, according to our opinion, we wrote “Why” is building a serious solution on .NET have a sense.
Verification of the suggested technology stack
Criteria for choosing a technology stack.
If you think about development of your own service, than it is 99.9% that this is in reference to development of product for market. Your project has a commercial purpose, the logic and strategy of monetization and the economic feasibility, that is mean that making any decisions or choosing solutions in the product development is not the last factor.
What is a technology stack?
Criteria for choosing a technology stack.
The choice of technologies with the help of which you will develop your project, depends on many factors. If there won’t be many criteria for you as a client (most likely, the main criteria will be price, and rightly so), then the developer needs to take a decision based on more than 7 different factors.
Why should you hire experienced specialists and what are the benefits to hire junior developers?
There are a very frequent job publications on freelance web-services, like this:
_“This should be a pretty straightforward Xamarin interface and we have a half-built prototype to show the basic concept. Looking for a senior-level full-stack Xamarin developer who is quick at turning out quality concepts to come in and "rockstar" this one to completion in a few weeks.”_
Why is .NET?
Criteria for choosing a technology stack.
As you understood there are no good or bad technologies and programming languages. There are those, that are appropriate for your project and those that are not appropriate.
About transferring project
How to understand that it is time to change a team?
In truth, primary thing that you should start with is your strategy and goal.
Active phase of software development
Cooperation with developer
The best way for professional engagement and interaction is when both parties are “in the process.” in other words, you as a client must participate directly in making important decisions and in the software development process, you should know the stage of the project its execution and understand all the features of its implementation.
Pricing methods and project models
If you made a choice of outsource development, then your next step is pricing method.
Currently, we have two types of pricing method:
A few words about choosing developers
You have several different options to choose from outsource and outstaffing (“borrow” full time worker from another company) to form your own team.
Today, there are a wide variety of outsource developers. But as always, it’s all about three factors - cost, timeline and quality.
How to cooperate with “comers”?
A piece of advice for a client :)
Short hint for a client how to hire web-development company
Sometimes communication between client and development team (engineers), reminds us discussion between two different races from another planets. It’s a really good thing, when both of them are humanoids and can speak with the help of the same “mechanism” :).